Here Not There Labs: Raises $25.5M in Series A Funding

Here Not There Labs Raises $25.5M in Series A Funding

• Here Not There Labs, a remote startup advancing new models of communication at the forefront of the internet, raised $25.5m in Series A funding
• The round was led by Andreessen Horowitz via a16zcrypto, with participation from Benchmark and Framework Ventures
• The company intends to use the funds to expand operations and its development efforts
• Here Not ThereLabs is developing towns, a near real-time group chat protocol and app designed for online communities to build better hometowns on the internet
• Towns allows a community’s members to own their town squares with a fully decentralized, end-to-end encrypted chat protocol
• While the company will be stewarding the product initially, governance and control of Towns will be transitioned to the Towns DAO progressively as they move towards decentralization of the network